Enerflex Ltd. (NYSE:EFXT) Stock Short Interest Report for October

Enerflex Ltd. (NYSE:EFXT) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,540,043 shares, a growth of 68.1% from the September 30th total of 1,511,119 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily volume of 800,275 shares, the days-to-cover ratio is currently 3.2 days.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EFXT shares. Royal Bank Of Canada cut their price target on shares of Enerflex from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday. Acumen Capital upgraded shares of Enerflex to a “strong-buy” rating in a report on Friday, October 2nd. Canadian Imperial Bank of Commerce set a $35.00 price objective on shares of Enerflex and gave the stock an “outperform” rating in a research report on Tuesday, October 13th. Wall Street Zen upgraded shares of Enerflex from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research raised shares of Enerflex from a “strong sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Enerflex has an average rating of “Moderate Buy” and an average target price of $38.00.

Enerflex Trading Down 6.0%

Shares of EFXT stock opened at $22.22 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.19. Enerflex has a 52-week low of $12.54 and a 52-week high of $29.15. The company has a market capitalization of $2.71 billion, a PE ratio of 38.32 and a beta of 1.80. The business’s fifty day moving average is $23.06 and its 200 day moving average is $22.58.

Enerflex (NYSE:EFXT) last posted its earnings results on Thursday, October 29th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.33 by $0.12. The business had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $632.70 million. Enerflex had a return on equity of 11.76% and a net margin of 2.06%. On average, equities research analysts anticipate that Enerflex will post 1.42 EPS for the current fiscal year.

Enerflex Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be given a dividend of C$0.04 per share. This is a drop from Enerflex’s previous quarterly dividend of C$0.04. The ex-dividend date is Thursday, November 12th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.6%. Enerflex’s dividend payout ratio is 15.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EFXT. Cibc World Market Inc. purchased a new stake in Enerflex during the second quarter valued at about $15,851,000. Arrowstreet Capital Limited Partnership lifted its stake in Enerflex by 240.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 466,627 shares of the company’s stock worth $9,763,000 after purchasing an additional 329,469 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Enerflex by 21.0% during the first quarter. Public Employees Retirement System of Ohio now owns 408,015 shares of the company’s stock worth $8,506,000 after purchasing an additional 70,818 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Enerflex in the 2nd quarter worth about $30,569,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Enerflex by 74.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 558,010 shares of the company’s stock worth $13,170,000 after purchasing an additional 238,574 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Enerflex Company Profile

Enerflex Ltd. (NYSE: EFXT) is a Calgary-based energy infrastructure company that provides equipment, services and solutions for the processing, compression and transportation of natural gas. Its offerings support energy producers, midstream operators and industrial customers across the natural gas value chain.

The company designs, engineers, manufactures, commissions and services natural gas compression systems, gas processing and treating facilities, refrigeration and cryogenic systems, and electric power generation equipment.